There are many purchases that require you to sign a contract, such as ordering merchandise from a door-to-door salesperson, hiring a contractor for home improvement projects, obtaining a loan anc contracting for a company's products and services. Contracts are legal documents that are designed to protect both the consumer and the business involved. It allows the business to define, in specific terms, the extent of its obligation, while commiting the consumer to the price to be paid once specifications are met.
Once a contract is signed, it generally cannot be changed or broken unless both parties agree. The BBB suggests that you read and understand the contract before signing. The time to change the agreement or remove conditions that you are unwilling to agree to, is prior to signing the contract. Remember, if a company agrees to a cancellation of the contract they may give pro-rated refunds because of products or services already provided. Keep a copy of the signed contract and make sure all oral promises are included in the contract. Never sign a blank contract.
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